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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $2,791 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,170 | $30,437-73.2% | $56,033-85.4% | $74,459-89.0% |
| Participation rate | 77.0% | 32.9%+44.1pp | 52.5%+24.5pp | 67.2%+9.7pp |
| Annual return | 9.49% | 24.96%-15.5pp | 1711.38%-1701.9pp | 1369.70%-1360.2pp |
| Employer contribution / active EE | $1,084 | $610+77.7% | $1,041+4.1% | $2,626-58.7% |
| Participant deferral / active EE | $954 | $1,176-18.8% | $1,954-51.2% | $4,350-78.1% |
| Admin fee / account holder | $72 | $2,363-97.0% | $2,827-97.5% | $1,945-96.3% |